APPENDIX A Operating Expense Limitation Agreement Direxion Shares ETF Trust
APPENDIX A
Operating Expense Limitation Agreement
Xxxxxxxx Asset Management, LLC has contractually agreed to cap all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2024, to the extent that a Fund’s Total Annual Fund Operating Expenses exceeds a Fund’s daily net assets as listed below.
Actively-Managed Funds
| Direxion Bitcoin Strategy ETF |
0.95 | % | ||
| Direxion Bitcoin Bear Strategy ETF |
0.95 | % | ||
| Direxion Ether Strategy ETF |
0.95 | % | ||
| Direxion Ether Strategy Bear ETF |
0.95 | % |
1X BEAR FUNDS
| Direxion Daily S&P 500® Bear 1X Shares |
0.45 | % | ||
| Direxion Daily CSI 300 China A Share Bear 1X Shares |
0.80 | % |
LEVERAGED FUNDS
Bitcoin Leveraged Funds
| Direxion Daily Bitcoin Bull 1.25X Shares |
0.95 | % | ||
| Direxion Daily Bitcoin Bear 1.25X Shares |
0.95 | % | ||
| Direxion Daily Bitcoin Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily Bitcoin Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily Bitcoin Bull 1.75X Shares |
0.95 | % | ||
| Direxion Daily Bitcoin Bear 1.75X Shares |
0.95 | % | ||
| Direxion Daily Bitcoin Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Bitcoin Bear 2X Shares |
0.95 | % |
US Treasuries Leveraged Funds
| Direxion Daily US Treasuries Bull 1.25X Shares |
0.95 | % | ||
| Direxion Daily US Treasuries Bear 1.25X Shares |
0.95 | % | ||
| Direxion Daily US Treasuries Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily US Treasuries Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily US Treasuries Bull 1.75X Shares |
0.95 | % | ||
| Direxion Daily US Treasuries Bear 1.75X Shares |
0.95 | % | ||
| Direxion Daily US Treasuries Bull 2X Shares |
0.95 | % | ||
| Direxion Daily US Treasuries Bear 2X Shares |
0.95 | % |
A-1
Ether Leveraged Funds
| Direxion Daily Ether Bull 1.25X Shares |
0.95 | % | ||
| Direxion Daily Ether Bear 1.25X Shares |
0.95 | % | ||
| Direxion Daily Ether Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily Ether Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily Ether Bull 1.75X Shares |
0.95 | % | ||
| Direxion Daily Ether Bear 1.75X Shares |
0.95 | % | ||
| Direxion Daily Ether Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Ether Bear 2X Shares |
0.95 | % |
Single Stock Funds
| Direxion Daily TSLA Bear 1X Shares |
0.95 | % | ||
| Direxion Daily META Bear 1X Shares |
0.95 | % | ||
| Direxion Daily NFLX Bear 1X Shares |
0.95 | % | ||
| Direxion Daily AAPL Bear 1X Shares |
0.95 | % | ||
| Direxion Daily MSFT Bear 1X Shares |
0.95 | % | ||
| Direxion Daily AMZN Bear 1X Shares |
0.95 | % | ||
| Direxion Daily GOOGL Bear 1X Shares |
0.95 | % | ||
| Direxion Daily NVDA Bear 1X Shares |
0.95 | % | ||
| Direxion Daily AMD Bear 1X Shares |
0.95 | % | ||
| Direxion Daily BAC Bear 1X Shares |
0.95 | % | ||
| Direxion Daily CVX Bear 1X Shares |
0.95 | % | ||
| Direxion Daily C Bear 1X Shares |
0.95 | % | ||
| Direxion Daily COP Bear 1X Shares |
0.95 | % | ||
| Direxion Daily XOM Bear 1X Shares |
0.95 | % | ||
| Direxion Daily CRM Bear 1X Shares |
0.95 | % | ||
| Direxion Daily EOG Bear 1X Shares |
0.95 | % | ||
| Direxion Daily OXY Bear 1X Shares |
0.95 | % | ||
| Direxion Daily WFC Bear 1X Shares |
0.95 | % | ||
| Direxion Daily JPM Bear 1X Shares |
0.95 | % | ||
| Direxion Daily META Bull 1.25X Shares |
0.95 | % | ||
| Direxion Daily META Bear 1.25X Shares |
0.95 | % | ||
| Direxion Daily NFLX Bull 1.25X Shares |
0.95 | % | ||
| Direxion Daily NFLX Bear 1.25X Shares |
0.95 | % | ||
| Direxion Daily NVDA Bull 1.25X Shares |
0.95 | % | ||
| Direxion Daily NVDA Bear 1.25X Shares |
0.95 | % | ||
| Direxion Daily TSLA Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily TSLA Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily AAPL Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily AAPL Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily MSFT Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily MSFT Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily AMZN Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily AMZN Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily GOOGL Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily GOOGL Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily AMD Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily AMD Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily BAC Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily BAC Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily CVX Bull 1.5X Shares |
0.95 | % |
A-2
| Direxion Daily CVX Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily C Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily C Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily COP Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily COP Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily XOM Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily XOM Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily CRM Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily CRM Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily EOG Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily EOG Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily OXY Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily OXY Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily WFC Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily WFC Bear 1.5X Shares |
0.95 | % | ||
| Direxion Daily JPM Bull 1.5X Shares |
0.95 | % | ||
| Direxion Daily JPM Bear 1.5X Shares |
0.95 | % |
2X Funds
| Direxion Daily S&P 500® Bull 2X Shares |
0.60 | % | ||
| Direxion Daily CSI 300 China A Share Bull 2X Shares |
0.95 | % | ||
| Direxion Daily CSI China Internet Index Bull 2X Shares |
0.95 | % | ||
| Direxion Daily MSCI Brazil Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Energy Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Energy Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Gold Miners Index Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Gold Miners Index Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Junior Gold Miners Index Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Junior Gold Miners Index Bear 2X Shares |
0.95 | % | ||
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares |
0.95 | % | ||
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares |
0.95 | % | ||
| Direxion Daily MSCI India Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Robotics, Artificial Intelligence, & Automation Index Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Cloud Computing Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Cloud Computing Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Select Large Caps & FANGs Bull 2X Shares |
0.95 | % | ||
| Direxion Daily 5G Communications Bull 2X Shares |
0.95 | % | ||
| Direxion Daily 5G Communications Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Global Clean Energy Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Global Clean Energy Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Lithium & Battery Tech Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Lithium & Battery Tech Bear 2X Shares |
0.95 | % | ||
| Direxion Daily E-Gaming Bull 2X Shares |
0.95 | % | ||
| Direxion Daily E-Gaming Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Travel & Vacation Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Travel & Vacation Bear 2X Shares |
0.95 | % | ||
| Direxion Daily US Infrastructure Bull 2X Shares |
0.95 | % | ||
| Direxion Daily US Infrastructure Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Software Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Software Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Oil Services Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Oil Services Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Rare Earth/Strategic Metals Bull 2X Shares |
0.95 | % |
A-3
| Direxion Daily Rare Earth/Strategic Metals Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Aviation Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Aviation Bear 2X Shares |
0.95 | % | ||
| Direxion Daily FinTech Bull 2X Shares |
0.95 | % | ||
| Direxion Daily FinTech Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Metal Miners Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Metal Miners Bear 2X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® Equal Weight Bull 2X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® Equal Weight Bull 2X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® Pure Growth Bull 2X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® Pure Growth Bear 2X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® Pure Value Bull 2X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® Pure Value Bear 2X Shares |
0.95 | % | ||
| Direxion Daily China Technology Bull 2X Shares |
0.95 | % | ||
| Direxion Daily China Technology Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Electric and Autonomous Vehicles Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Crypto Industry Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Crypto Industry Bear 2X Shares |
0.95 | % | ||
| Direxion Daily Tech 100 Bull 2X Shares |
0.95 | % | ||
| Direxion Daily Tech 100 Bear 2X Shares |
0.95 | % |
3X Funds
| Direxion Daily 7-10 Year Treasury Bull 3X Shares |
0.95 | % | ||
| Direxion Daily 7-10 Year Treasury Bear 3X Shares |
0.95 | % | ||
| Direxion Daily 20+Year Treasury Bull 3X Shares |
0.95 | % | ||
| Direxion Daily 20+Year Treasury Bear 3X Shares |
0.95 | % | ||
| Direxion Daily FTSE China Bull 3X Shares |
0.95 | % | ||
| Direxion Daily FTSE China Bear 3X Shares |
0.95 | % | ||
| Direxion Daily MSCI Emerging Markets Bull 3X Shares |
0.95 | % | ||
| Direxion Daily MSCI Emerging Markets Bear 3X Shares |
0.95 | % | ||
| Direxion Daily Financial Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Financial Bear 3X Shares |
0.95 | % | ||
| Direxion Daily Healthcare Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Mid Cap Bull 3X Shares |
0.95 | % | ||
| Direxion Daily MSCI Real Estate Bull 3X Shares |
0.95 | % | ||
| Direxion Daily MSCI Real Estate Bear 3X Shares |
0.95 | % | ||
| Direxion Daily Regional Banks Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Retail Bull 3X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® Bull 3X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® Bear 3X Shares |
0.95 | % | ||
| Direxion Daily Semiconductor Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Semiconductor Bear 3X Shares |
0.95 | % | ||
| Direxion Daily Small Cap Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Small Cap Bear 3X Shares |
0.95 | % | ||
| Direxion Daily MSCI South Korea Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Technology Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Technology Bear 3X Shares |
0.95 | % | ||
| Direxion Daily FTSE Europe Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Homebuilders & Supplies Bull 3X Shares |
0.95 | % | ||
| Direxion Daily S&P Biotech Bull 3X Shares |
0.95 | % | ||
| Direxion Daily S&P Biotech Bear 3X Shares |
0.95 | % | ||
| Direxion Daily Consumer Discretionary Bull 3X Shares |
0.95 | % |
A-4
| Direxion Daily Utilities Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Aerospace & Defense Bull 3X Shares |
0.95 | % | ||
| Direxion Daily MSCI Mexico Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Transportation Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Industrials Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Pharmaceutical & Medical Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Dow Xxxxx Internet Bull 3X Shares |
0.95 | % | ||
| Direxion Daily Dow Xxxxx Internet Bear 3X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® High Beta Bull 3X Shares |
0.95 | % | ||
| Direxion Daily S&P 500® High Beta Bear 3X Shares |
0.95 | % |
Last Updated: August 18, 2022
A-5
